Mining Bitcoin means mining snippets of code, called hashes, to confirm new blocks to be added to the blockchain: let’s see how. Every 10 minutes or so, a new block is added to the Bitcoin blockchain, but to actually be added, in other words, concatenated with the previous one, it must be validated with a
Richard Heart took to Twitter teasing a PulseChain screenshot, adding, “Its [sic] working on private v3 testnet.”Word of PulseChain first broke in July 2021, with the accompanying press release openly admitting its intention to fork the Ethereum code and add “significant enhancements,” including cheaper gas fees and quicker block times, at three seconds versus ETH’s
The long-awaited and planned halving of Bitcoin (BTC) took place yesterday and it was AntPool that mined the halving block, number 630,000, taking home the new reward of 6.25 BTC plus the corresponding fee of 0.9 BTC, while the previous blocks were mined by F2Pool. Before entering the virtual bitcoin mine we have to explain
Innosilicon, a well-known Chinese manufacturer of ASICs for cryptocurrency mining, announced this morning via a Twitter post that the debut of Grin’s first mining units has been postponed by at least 2-3 months. The company announced three models of Grin’s mining ASICs last April, with the goal of competing with Obelisk‘s solutions. In recent months
At the beginning of the week in China was held an important event dedicated to cryptocurrency mining, organized by the mining pool Poolin, during which some companies (including Canaan), announced new devices for mining. Among them is Zhejiang Microcomputer Technology, manufacturer of Chinese ASICs and branch of Canaan, which showed the public three products: a
US energy giant Duke Energy is studying a pilot project for Bitcoin mining. Duke Energy wants to make Bitcoin mining greener Duke Energy wants to exploit the excess energy produced from renewable sources in Bitcoin mining This was revealed by Lead Rates & Regulatory Strategy Analyst, Justin Orkney, during an episode of Troy Cross‘ “Bitcoin
Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg.The mismanagement led to Binance-peg BUSD being undercollateralized three times between 2020 and 2021, with collateral gaps exceeding $1 billion on each occasion, according to data
Recent research by BanklessTimes claims that Bitcoin mining could raise the global temperature by 2 degrees by 2040. However, there is a glaring error in the reasoning behind this projection. The BanklessTimes analysis concluded that on average, a single Bitcoin transaction produces about 841 kilograms of CO2, and that this figure will surely increase in
Yesterday, Glassnode reported that the Bitcoin hashrate had reached a new absolute record. The chart displayed showed a spike circled in green that corresponded to a hashrate value higher than 140 Ehash/s. Previously, in all of Bitcoin’s history, this threshold had never been exceeded. However, it has to be said that the hashrate calculation is
Hive Blockchain Technologies (HIVE) has announced that it has entered into an agreement with Intel Corporation to supply its new high-performance ASICs. Hive Blockchain, Intel chips for mining in Texas The press release also states that the company has entered into a letter of intent with Compute North to host Bitcoin mining machines totaling 100
